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N121.67trn Debt: Hold World Bank Accountable, SERAP Tells Panel 

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The Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank Inspection Panel to hold the global bank accountable for the huge debt incurred by Nigeria under successive administrations.

The organisation also urged the panel “to probe allegations of corruption in the spending of the loans and other funding facilities obtained by the Federal Government and Nigeria’s 36 state governors and to review the implementation of all Bank-funded projects by successive governments since 1999.”

SERAP wants the Inspection Panel “to determine the extent to which Bank Management has followed or is following the World Bank’ s operational policies and procedures applicable to the design, appraisal and implementation of all Bank-financed projects in Nigeria.”

It also urged the Panel “to determine the effect of any failure by the Bank Management to effectively implement its operational policies and procedures in all Bank-funded projects in several states on the social and economic rights and well-being of millions of socially and economically vulnerable Nigerians.”

SERAP’s complaint followed the Debt Management Office (DMO)’s report last week, that Nigeria’s total public debt stock, including external and domestic debts, increased by ?24.33 trillion in three months alone, from ?97.34 trillion ($108.23 billion) in December 2023 to ?121.67 trillion ($91.46 billion) as of March 31, 2024.

In the letter dated 22 June 2024 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “The World Bank has over the years reportedly approved 197 projects for Nigeria, totalling over $36 billion in loans and other funding facilities [that is, $36,360,415,968.81], with little or no impact on Nigerians living in poverty.”

SERAP said, “Nigerians are rarely informed and meaningfully and effectively consulted about several of these loans, facilities and Bank-funded projects. Nigerians continue to be denied the benefits of the loans and facilities and access to basic public goods and services.”

According to SERAP, “Despite several loans and other funding facilities provided by the World Bank over many years, millions of socially and economically vulnerable Nigerians in several states and communities continue to lack access to regular electricity supply and have denied the benefit of renewable energy solutions.”

The complaint, addressed to the Chair of the Panel, read in part: “A recent report by the National Bureau of Statistics (NBS) revealed that over 133 million Nigerians are living in poverty, the majority of them women and children. We would therefore be grateful if the recommended measures are taken to hold the World Bank to account.

“The apparent failure by Bank Management to diligently follow the World Bank’s operational policies and procedures in Bank-funded projects have resulted in the alleged mismanagement of the loans and facilities and exposed millions of Nigerians to extreme poverty.

“We are concerned about the negative impact of the lack of transparency and accountability in the spending of loans and facilities obtained by the Federal Government and Nigeria’s 36 state governors on the social and economic well-being of millions of Nigerians and the enjoyment of their human rights.

“We are concerned that several of Nigeria’s 36 states and the FCT reportedly owe civil servants’ salaries and pensions. Several states are borrowing to pay salaries. Millions of Nigerians resident in these states and the FCT continue to be denied access to basic public goods and services.

“The Federal Government and several states are also reportedly spending public funds which may include the loans and facilities obtained from the World Bank to fund unnecessary travels, buy exotic and bulletproof cars and generally fund the lavish lifestyles of politicians.

‘The ?121.67 trillion ($91.46 billion) debt represents external and domestic loans obtained by the Federal Government, the 36 state governments and the Federal Capital Territory (FCT). .

“The World Bank reportedly currently has a portfolio of about $8.5 billion spread across the country. The Bank has also approved several loans and other funding facilities to the country’s 36 states including the recent $750 million credit line meant to the states to carry out reforms to attract investment and create jobs.

“The Bank recently approved a $2.25 billion loan for Nigeria ‘to shore up revenue and support economic reforms and address cost-of-living crisis in the country.”

SERAP listed several loan approvals made by the World Bank for Nigeria since 1999.

It said, “Many years of allegations of corruption and mismanagement of public funds including the spending of the loans and facilities obtained by the Federal Government and Nigeria’s 36 states have contributed to widespread poverty, underdevelopment and lack of access to public goods and services in the country.

“The allegations of corruption in the loans and facilities provided by the Bank calls into question the rigor with which the Bank undertook due diligence in assessing the social, economic and environmental risks of its financed-projects in the country.

“The apparent inadequacy of safeguards and accountability mechanisms for the loans, facilities and project implementation has resulted in the alleged diversion of public funds for other purposes other than those agreed with the Bank.

“The Bank has apparently failed and/or neglected to effectively apply its various operational policies and procedures to ensure the transparent and accountable spending of its 197 loans and facilities across several states in the country.

“SERAP has over the years sent several complaints to the World Bank about the lack of transparency and accountability in the loans and facilities and the projects financed by the World Bank loans but the Bank Management has consistently failed and/or neglected to take any concrete action on the complaints.”

SERAP said it has exhausted attempts to resolve its complaints through several communications with Bank Management.

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Women Protest: Fubara Wades Into Airport Mgt, IPO Community Dispute

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Rivers State Governor, Sir Siminalayi Fubara, has waded into the dispute between the management of Port Harcourt International Airport and Ipo community, which led to the temporary disruption of flight operations of the Airport by protesting women of the host community, yesterday.

 

Ipo community is one of the major hosts of the Port Harcourt International Airport, Omagwa in Ikwerre Local Government Area of Rivers State.

 

Women of the community had barricaded the entrance of the only road to the airport early hours of yesterday, singing, dancing and cooking, thereby disrupting access to and from the airport, and causing flight delays.

 

The Secretary to the State Government, Dr Tammy Danagogo, who addressed newsmen after a closed door meeting between the Governor, women leaders and chiefs of Ipo community, and the Airport management in Government House, Port Harcourt, yesterday, said that the feuding parties have agreed to a mutually beneficial peace deal.

 

He noted that while the women have resolved to withdraw from barricading the access road to the airport, the management of the Federal Government facility has promised to address the concerns of the community in the area of implementing key corporate social responsibility (CSR) policies to meet expectations of host communities.

 

He said that when the Government got wind of the disruption of access to the airport, it immediately swung into action, and invited all parties to a meeting to resolve the issues.

 

In his remarks, member representing Ikwerre/Emohua Federal Constituency in the House of Representatives, Hon Boniface Emerengwa, thanked the Governor for his swift response to ensure that the grievances of the women protesters were immediately addressed.

 

He also commended the people of Ipo community for their patience and understanding over the years, and assured that he would work in synergy with the state and local governments to ensure that dividends of democracy reach the communities, including Ipo.

 

Also speaking, Chairman, Caretaker Committee of Ikwerre Local Government Council, Dr Darlington Orji, lamented the neglect of the airport host communities over the years, particularly in the areas of employment and communication.

 

He expressed satisfaction with the Governor’s promise to come to the aid of the community with alternative access road, and challenged corporate organisations to live up to their social responsibilities by addressing basic development needs of their host communities.

 

In her remarks, Port Harcourt Airport Manager, Mrs Lynda Ifesinachi Ezike, thanked Governor Fubara for his quick intervention in resolving the crisis, and assured of the new management’s commitment to addressing the concerns of stakeholders, including Ipo community.

 

Mrs Ezike, who is also the Regional General Manager, South-South of the Federal Airports Authority of Nigeria (FAAN), said that the management was ready to maintain cordial relationship with host communities, saying that it is only in a peaceful operating environment that the airport business can thrive, with its attendant benefits to all parties.

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Mayor of Housing Reveals Fubara’s Strongest attraction For Investors 

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The Mayor of Housing, My-ACE China,  has revealed one of the strongest attractions Governor Siminialayi Fubara holds  for investors like him. He called it “humility for continuity”.

China, who is also the CEO of  Housing and Construction Mayor Limited, disclosed this in an interview with newsmen in Port Harcourt.

According to him, for any governor to focus on completion of projects of his predecessor was a huge act in humility.

“Governance in Nigeria is such that politics is prioritized over valuetics.

“To know you did not start this project, but because you have the interest of the people at heart, you continue it, even in the midst of political crisis.”

“I have a quote that ‘without delivering tangible dividends of democracy, politics is the greatest liability any society can have”.

He gave examples of good projects that were stalled in Rivers State because of discontinuity as “the Rivers State Geographical Information System  (RivGis) and the Rainbow Estate in Trans-Amadi”.

He said a huge loss had been incurred in the two projects just because  successive administrations did not like the previous administrations that initiated those projects.

He said: “So, one of the reasons RivGis has not worked is because successive governments have come to truncate the good works of previous administrations.

“And when people are saying that the present governor has scored ‘zero’ because he continued and completed the projects that his predecessor started, I am wondering what planet these guys are speaking from.

“Because what has been killing any policy or project started by an administration is discontinuity by the next administration.

“Now, if any administration says it wants to continue the ones he inherited for the sake of the people, what makes that an offence”, he said.

He, therefore, called for the revival of RivGis, saying the way out is to systematize lands and housing subsector.

“I did not become Mayor of Housing in Port Harcourt, but in Abuja. I can tell you that the ease of doing business (EoDB) in Abuja is 100 times faster than in Rivers State.”

The Mayor of Housing revealed that Nigeria at the moment needs about N21 trillion to close the over 28 million housing deficit.

The Mayor of Housing advised  Gov. Fubara on what  to do to move the economy of the oil-rich state back to the front seat.

“Many business leaders point to the crisis of obtaining land papers in Rivers State and say this deserves urgent attention to attract investors.

“They also think housing deficit in Nigeria is getting out of hand.

Rivers State is the 7th most populous state in Nigeria with about seven million people. By December 2018, Nigeria posted about 20 million housing deficit, needing N21 trillion to close the gap.

“Gov. Sim Fubara of Rivers State has started with 20,000 low-cost houses that may be scaled up to 100,000. This looks promising. There is hope for more estates to spring up if ease of land papers, ease of regulation, etc can be enthroned.

Mayor of Housing attributed the bane of the housing sector in Rivers State to three major issues.

“First, let’s look at the Rivers housing situation. The housing deficit in Rivers State is worse because it is a one-city state, making most persons to cluster in the state capital, the oil city.

“By this, of the population of about 7 million people in the state, over 5 million people are congested in the state capital, Port Harcourt. In terms of city congestion, Port Harcourt is second most congested.

“Other states may have their population spread around, but in Rivers, it’s all in Port Harcourt, Obio/Akpor, and Eleme. When you have sequestration or concentration in one place, the ones that have houses in the villages come to the city to be homeless. They add to the housing deficit. There is exacerbation of deficit in the city.

“Next, there is absence of housing data in Rivers State. There are the superlative and fundamental factors in the Rivers housing analogy.

“The fundamental is that there is no agency in charge of all matters relating to lands and housing. In Rivers State, there are about five ministries and agencies looking after the sector.

“A single agency would have been the Rivers State Geographical Information System (RIVGIS), but because it is not fully functional, you now have the Ministry of Lands, Ministry of Housing, Ministry of Urban Development, the Surveyor-General’s Office, and more. In this situation, none has responsibility to collate all matters and interface with the public.”

According to him, the second most lucrative sector after oil in Nigeria right now is property.

“Until RivGis is so digitalized that there is no or minimal human interference just like in the banks, the state will not surge forward in development.

“The governor has said he started real governance in February 2024. We know that things are not where they should be, but we are very optimistic they are going to be far better because of the body language of the governor. The way the governor spoke shows he means business.

“He said at the summit that the state is now open for businesses. We in the private sector want to see more PPP initiatives and projects.

On what investors wanted from the Fubara administration, he said: “As an offshoot from the summit where investors expressed difficulty in getting land papers (certificates of occupancy), access to land, etc. I am sure this governor will follow through.

“The summit itself is a success for the mere fact that it took place, because that is the first one the state has had in 13 years. It shows that this governor means business. That is how the investors feel about the summit.

“Two: The continuity from the previous administration’s projects despite having issues with that administration, and he didn’t take out any of those projects because of malice of anything; that alone is a boost of confidence for the private sector.

“Third: Flag-off and actual start of construction of the 20,000 low-cost housing units under a PPP is also a confidence booster. Please, people should not underrate that project, because there has been hardly any FG housing project above 2,000 in a particular locus. The biggest FG housing project in Rivers State is the Trans-Amadi Garden which is not up to 1,000. Agip Housing Estate is also a FG housing project, and I am not sure it is over 2,000. So, 20,000 is actually a new city.

“This is one of the reasons real estate investors are comfortable with the 20,000 and in PPP.”

“My sincere advice to Gov. Fubara is to increase the number and size of PPP schemes. It is not only in projects but in planning. World class businesses often engage consultants to get them the information and finished reports to work with.

He also called on Gov. Fubara to endeavour to bring out a white paper on the summit.

“The governor needs to, as a matter of fact, sit down with group leaders, especially captains of industry and technocrats and develop a white paper from the summit’s panel discussions. The governor can ask, who do you know that can actually do this or that. Just like the way the Independent National Election Commission (INEC) wanted to use Bimodal Voter Accreditation System (BVAS) to remove election irregularities, though it was abused.

“We can ask for who has the expertise to map Rivers State and plan it vis-à-vis the part that has not yet been developed. Then, not only to have this in the system but have it in the public domain that everybody knows that this is the plan.”

 

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We’re Not Recruiting Jihadists -Army 

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The Nigerian Army has denied allegations that it is recruiting Islamic fundamentalists and jihadists.

The rebuttal came in response to a viral video that claimed that the Army was recruiting jihadists.

According to the Army, the video falsely depicted an officer encouraging Muslim young men to join the military to protect and propagate Islam.

The Army said the footage also falsely portrayed an officer calling on Muslim young men to join the military to protect and propagate Islam.

The Army, in a statement, yesterday, by the Director, Army Public Relations, Maj. Gen. Onyema Nwachukwu, said the viral video was aimed at causing a religious crisis in the country.

The statement read, “The NA has been drawn to an audio-visual recording circulating on various online platforms, purportedly showing a misleading report suggesting that the NA is recruiting Islamic fundamentalists and jihadists. The footage also falsely portrayed an officer calling on Muslim young men to join the military to protect and propagate Islam.

“Considering the gravity of this falsehood, the NA wishes to clearly state that the narrative depicted in the footage is not in any instance a reflection of the true values and standards of the NA, as it is targeted at sparking palpable anxiety and fear, sowing discord and mistrust amongst our personnel, eroding public confidence in the integrity of the NA, particularly among Christian and non-Muslim communities, who might feel their lives and faith are under threat, and ultimately engender religious crisis in the country. ”

Onyema stated that the Army is a professional institution that does not consider ethnicity or religion.

He said, “The NA remains steadfast in upholding professionalism and impartiality as an institution devoid of ethnic and religious bigotry. Our operational and administrative processes and actions are guided by the provisions of the Constitution of the Federal Republic of Nigeria and not ethnicity or religious sentiments. ”

Onyema urged the public to disregard the video.

He said, “We, therefore, urge the public to dismiss this misleading report, which stems from a misconception and lack of understanding about NA’s Standing Operating Procedures.

“It is crucial to reiterate that any deviation from the NA’s SOP is met with appropriate disciplinary action, regardless of the personnel’s religious affiliation.

“We call on all citizens to rise above these divisive tactics and stand united. The strength of Nigeria lies in its unity in diversity, and it is this unique national strength and trait that the NA seeks to protect while carrying out its constitutional responsibilities.

“We will remain undaunted in upholding these principles in the face of any challenge. The NA remains committed to serving and protecting all Nigerians, irrespective of religious or ethnic affiliations. Let us work together to maintain the peace and unity of our great nation.”

The Army had, on April 14, 2024, debunked a similar viral report that it recruited repented Boko Haram members.

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